- Law 23: lawyers are obligated entities.
- Clients and beneficial owners verified in one search.
- Evidence for the FIU from every check.
What Law 23 expects from your firm
Lawyers are obligated entities when they carry out activities such as forming companies, buying and selling real estate or handling funds. Akifue covers every point. To understand the scope, read the guide on Law 23 of 2015 and who the non-financial obligated entities are.
- Identify the client and the beneficial owner. Verification of the individuals and companies you represent or advise.
- Screen lists and PEPs. OFAC, UN, EU, UK and exposed persons, in a single search.
- Keep evidence. Case file with date, user and result, ready for the FIU.
Due diligence in minutes
Verify a new client while opening the file, without slowing down the legal work or relying on manual processes.
Defensible before the FIU
Every check is documented and exportable, supporting that the firm met its due diligence duty.
Sample result
The due diligence of a new client screens lists and PEPs and ends in a decision with its case file. See the scope of each plan in plans and pricing.
| Check | Result |
|---|---|
| OFAC · UN · EU | 0 matches in each source |
| PEP | 0 (not a PEP) |
| Decision | Approved · beneficial owner verified · case file #AKF-20620 · PDF report |
Frequently asked questions
Are lawyers obligated entities in Panama?
Yes. Under Law 23 of 2015, lawyers and law firms are non-financial obligated entities when they carry out certain activities, such as forming companies, buying and selling real estate or handling client funds, and they must apply due diligence.
What should a law firm verify?
It must identify its clients and beneficial owners, check them against sanctions lists and PEPs, assess the risk and keep evidence of the due diligence carried out.
How do I show the FIU that I complied?
With Akifue every check generates a case file with user, date, sources and result, exportable as a PDF report, which serves as evidence for audits and the Financial Analysis Unit (UAF).